| About teauction.com
- Launched in March 2000, as the first digital
tea exchange to enhance market access and liquidity
for all participants. We have been able to significantly
reduce transaction cycle time and associated costs.
- The auction operates under ALL INDIA Licence
from Tea Board, Ministry of Commerce & Industry.
The Tea Board has vetted our Rule Book and the
Governing Council of the exchange takes the final
call on all matters pertaining to the functioning
of the Auction Floor.
We are an industry
promoted exchange and our present shareholders are B M Khaitan
Group Apeejay Group, Hanuman Tea and Centurion Bank. It
may be noted that Centurion Bank has agreed to offer trade
finance at competitive rates to the exchange participants.
We have a robust
Back-end based on IBM technology & DB2 tools.
Ltd has a strategic alliance with AW Figgis & Co. Ltd.,
a 130-year-old brokerage house in the North and TTBL Tea
& Technologies Ltd. in the South for providing affiliated
services. We are also concluding JV agreements with 3
other Brokerage Houses for superior focuses and cost efficient
Commerce on the
portal began more than a year ago and over 150 auctions
have been successfully concluded.
has concluded a tie-up with a US based satellite-imaging
Company to provide real time weather related data for
all tea producing regions in the country.
has tied up in a strategic joint venture with Messrs.
Forbes & Walker in Sri Lanka and are conducting online
sales every week under the aegis of the JV company Forbesteauction.com
(Pvt.) Ltd. Teauction.com is also in advanced discussions
with interested players in, Bangladesh and Indonesia for
rolling out country specific Auction Floors.